Real Estate Issuer Strategy When BI Relaxes Real Estate Loan

Previously, Bank Indonesia (BI) relaxed the Loan to Value (LTV) policy or the Home Ownership Credit (KPR) rules.

If the previous LTV settlement of the first purchase, the BI set DP should be 10% of the price (19659002) "So we have not set the amount of LTV for the first house, it is left to the risk management of each bank, "said the governor of the Indonesian Bank Perry Warjiyo in his office Friday, June 29, 2018.

Not only that, BI has also simplified the supply of LTV for the order of 39. home ownership. If, in the previous rule, the second property is fixed at 15% and the third house, then at 20%.

On the new rules, it is now simplified to 15% for the second category of home ownership and so on. LTV is expected to boost the credit sector while maintaining the momentum of economic growth in a globally high climate.

"Why, if this real estate credit increases, it will create an extraordinary multiplier effect on various sectors such as the growing need for labor. As a condition, the banks that can apply this LTV margin policy are, in the first place, banks with an unproductive loan ratio (NPL) of less than 5%.

And on the other hand, the NPL ratio of the gross mortgage less than 5 percent. "This policy will come into effect on August 1, 2018, "said Mr. Perry

.

Watch the selected video below:

Money: Can the Minimum Capital Invest a Property?